HUBBELL INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
HUBB$437.79-0.9%Stored close · as of Nov 10, 2026
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Valuation and Qualifying Accounts and Reserves (Schedule II)
Valuation and Qualifying Accounts and Reserves for the Years Ended December 31, 2022, 2023 and 2024
Reserves deducted in the balance sheet from the assets to which they apply (in millions):
| Balanceat Beginningof Year | Additions / (Reversals)Charged to Costs andExpenses | Deductions | Balance atEnd of Year | |
|---|---|---|---|---|
| Allowances for doubtful accounts receivable: | ||||
| Year 2022 | $10.6 | $7.2 | $(3.5) | $14.3 |
| Year 2023 | $14.3 | $(0.2) | $(2.5) | $11.6 |
| Year 2024 | $11.6 | $1.3 | $(1.6) | $11.3 |
| Allowance for credit memos, returns and cash discounts: | ||||
| Year 2022 | $34.7 | $365.1 | $(355.7) | $44.1 |
| Year 2023 | $44.1 | $365.5 | $(371.4) | $38.2 |
| Year 2024 | $38.2 | $356.7 | $(359.7) | $35.2 |
| Valuation allowance on deferred tax assets: | ||||
| Year 2022 | $32.6 | $(0.4) | $— | $32.2 |
| Year 2023 | $32.2 | $5.2 | $— | $37.4 |
| Year 2024 | $37.4 | $(0.6) | $(2.7) | $34.1 |
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